Swiss orbital tug startup Pave Space raises $40 million
A new orbital tug startup from Switzerland, Pave Space, has now successfully raised $40 million in private investment capital that it will use to develop a new kickstage engine and fly it on a demo mission.
The funding round was led by Visionaries Club and Creandum, with participation from Lombard Odier Investment Managers, Atlantic Labs, Sistafund, b2venture, ACE Investment Partners, Ilavaska Vuillermoz Capital, Pareto & Motier Ventures.
Pave had its start as a student project that built a reusable small hopper to test vertical take-off and landing. The company now joins about a dozen other orbital tug companies, offering a range of serves from moving satellites to removing space junk to doing satellite repair. Based on the amount of money that all of these companies are raising, both in the U.S. and Europe, it appears the investment community sees a strong demand for these services down the road, especially with the many gigantic constellations being proposed.
A new orbital tug startup from Switzerland, Pave Space, has now successfully raised $40 million in private investment capital that it will use to develop a new kickstage engine and fly it on a demo mission.
The funding round was led by Visionaries Club and Creandum, with participation from Lombard Odier Investment Managers, Atlantic Labs, Sistafund, b2venture, ACE Investment Partners, Ilavaska Vuillermoz Capital, Pareto & Motier Ventures.
Pave had its start as a student project that built a reusable small hopper to test vertical take-off and landing. The company now joins about a dozen other orbital tug companies, offering a range of serves from moving satellites to removing space junk to doing satellite repair. Based on the amount of money that all of these companies are raising, both in the U.S. and Europe, it appears the investment community sees a strong demand for these services down the road, especially with the many gigantic constellations being proposed.












